Consider the following events for betterment incorporated: january 1 betterment purchases gasoline for $200 on account. january 7 betterment advertises lawn mowing services for $100 per lawn. january 9 betterment signs up 8 customers who pay a total of $800 cash. january 12 betterment mows the lawns of the 8 customers and all gasoline purchased on january 1 is used. january 13 betterment pays for the gasoline purchased on january 1. under accrual-basis accounting, what is the appropriate day to record the revenues related to lawn services?

Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.